A construction site is seen in Beijing on December 16, 2014. Foreign investment into China accelerated in November, government data showed December 16, despite a worsening slowdown in the world’s second-largest economy and concerns over business risks. AFP PHOTO / Greg BAKER Chinese factory gate prices recorded their biggest annual fall in more than two years in December, adding to fears that deflation beckons in the world’s second-largest economy. China’s producer price index, which measures wholesale prices, has fallen for 34 consecutive months. December’s 3.3 per cent year-on-year decline, reported by the National Bureau of Statistics on Friday morning, was the largest since September 2012. It was also far sharper than November’s 2.7 per cent fall. Consumer prices, conversely, rose 1.5 per cent year on year in December, up slightly from 1.4 per cent in November. China’s central bank lowered interest rates for the first time in two years […]